Media releases

Westpac bank closing more branches following massive profit

The Finance Sector Union (FSU) has been notified by the Westpac Bank that it plans to close more bank branches, in Victoria and NSW.

FSU National President Wendy Streets said Westpac had savaged its back-office over the past six months, cutting more than 200 staff and was now axing more branches.

The affected branches include Westpac in Newcastle, NSW and branches branded with its Bank of Melbourne subsidiary in Broadmeadows, Airport West, Werribee Plaza and South Morang in Victoria.

“The 30 staff at these banks are being dumped onto the unemployment queue and the customers are being told to go elsewhere if they need to transact their banking business at a branch,’ Ms Streets said.

“This is not about customers preferring digital banking as Westpac claims.”

“This is about nothing more than a bank that loves profits and cares little about people, including its customers and staff.”

“Having booked a $1.5 billion first quarter profit last month, you would think Westpac could continue to offer banking services to customers within its existing branch network.”

“Instead Westpac continues to slash at its infrastructure and people.”

“The FSU believes banks are an essential service and that all Australians should have the right to do their banking in the manner they choose instead of being driven into digital banking.”

Media contact John Hill 0412 197 079

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